The
global animal feed enzymes market is moderately consolidated with a
few leading players that hold majority market share, points out
Transparency Market Research (TMR) in a new report. Business
collaborations and strategic partnerships are some of the key growth
strategies players in this market have adopted. Prominent names in
this market include Novozymes, E.l. Du Pont de Nemours and Company,
Azelis Holdings SA, Rossari Biotech Ltd, Lesaffre, BASF SE,
Associated British Foods plc, Novus International Inc., Alltech Inc.,
and Bio-Cat.
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According
to estimates of the TMR report, the global animal feed enzymes market
will clock a 7.8% CAGR over the forecast period between 2017 and
2026, for the market to be worth over US$2,100 mn vis-à-vis revenue
by the end of 2026. By product type, phytase, carbohydrase, and
proteases are the segments into which the global animal feed enzymes
market is divided. The carbohydrases segment is anticipated to
contribute significant revenue to the market over the forecast
period. This surging demand for carbohydrases in livestock is to
serve the demand for improving nutrient uptake and to improve
digestion. The protease segment, on the other hand, is likely to
register the leading CAGR over the forecast period. The dry form
segment is anticipated to register a robust CAGR over the report’s
forecast period.
Quality
and Safety Requirements of Meat Products by Retail Chains Stokes
Demand in Developed Countries
Globally,
several macro-economic and micro-economic factors account for the
growth of animal feed enzymes market. The rising production of
livestock such as fish, pigs, and poultry for meat products have led
to an upsurge for the demand of animal feed enzymes. Developed
countries such as the U.S., the U.K., Netherlands, and Australia have
large supermarket chains and food stores for retail sale of meat
products. The food stores and supermarket chains sell procure meat
products from farmers that keep to their quality standard and are
safe for consumption. Growing awareness among consumers regarding
quality and safety of meat products is boosting the adoption of food
supplements. Animal husbandry practices are increasingly including
use of supplements that improve livestock quality while keeping their
energy and metabolism rate intact.
Prevalence
of food-borne diseases is another key growth driver of the animal
feed enzymes market. Zoonotic diseases such as avian flu have
revved up demand for animal feed additives. For example, as per the
European Food Safety Authority (EFSA) around 320,000 instances of
zoonotic and food-borne diseases are registered each year in European
Union countries. Further, as revealed by the EFSA, in 2012, almost
220,000 people in European Union countries were affected with
zoonotic diseases such as campylobacteriosis. This has positively
impacted the demand for animal feed enzymes such as amino acids,
probiotics, and phytogenic nutrients to treat the condition.
Benefits
of Improved Gut Health of Livestock Drives Adoption of
Nanotechnology-based Products
Manufacturers
of animal feed enzymes are increasingly adopting nanotechnology to
develop improved products. Animal feed enzymes produced using
nanotechnology boosts drug absorption and digestive health in
livestock. Further, nanotechnology helps in the development of
advanced drugs so that medicated feed additives such as antibiotics
can be given to livestock in small quantity. These factors will
further boost the animal feed enzymes market over the report’s
forecast period.
The
review presented is based on the findings of a TMR report, titled
“Animal Feed Enzymes Market (Product Type - Phytase, Carbohydrase,
Proteases, Poultry, Ruminants, Swine, Aquatic, Other; Form - Liquid,
Dry) - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2017 – 2026.”
The
global animal feed enzymes market is segmented as follows:
Global
Animal Feed Enzymes Market, by Product
- Phytase
- Carbohydrase
- Proteases
- Poultry
- Ruminants
- Swine
- Aquatic
Global
Animal Feed Enzymes Market, by Form
- Liquid
- Dry
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